The Board confines itself to making broad policy decisions and exercising a number of reserved powers to consider and approve financial statements in interim report and annual report and to consider the dividend policy and dividend amount and to monitor the corporate governance of the Company.

The Board confines itself to making broad objectives and strategic decisions while delegating responsibilities for more detailed consideration to various committees including the Strategic Planning Committee, Audit Committee and Remuneration Committee which are established under the Board. Each of these committees has its respective terms of reference and reports its work to the Board regularly and makes suggestions on the matters under discussion. With delegated authority by the Board, the senior management will implement those strategic plans, policies and business plans conferred by the Board and/or the Committees.

The independent non-executive directors (INEDs) play an important role in corporate governance. Half of the members of the Strategic Planning Committee are INEDs, and the Audit Committee and Remuneration Committee comprise members of all INEDs. In this connection, the INEDs provide their independent opinions on matters including strategy, corporate performance and accountability at various committee meetings and Board meetings.

Mr. ZHU Gongshan

Executive Director & Chairman

ZHU Gongshan (Chairman) is the founder of the Company. He has been an Executive Director and the Chairman of the Company since July 2006. Mr. Zhu is a member of the Strategy and Investment Committee of the Company. Mr. Zhu and his family (including his son, Mr. Zhu Yufeng, who is also a Director of the Company) are the beneficiaries of a discretionary trust which was interested in about 34.26% issued share capital of the Company at 15 March 2018, the date of this report.

Mr. Zhu Gongshan is currently the chairman of Global Solar Council, the chairman of Asian Photovoltaic Industry Association, the honorary chairman of Africa Food Fund (非洲糧食基金), a member of the 12th Jiangsu Province Committee of the Chinese People’s Political Consultative Conference, the vice director (China) of The Prince’s Charities Foundation, a member of American Council on Renewable Energy, the executive chairman of ICC China Environment and Energy Committee, the vice chairman of China Overseas Chinese Entrepreneurs Association, the vice chairman of China Industrial Overseas Development & Planning Association, the chairman of China New Energy International Alliance, the vice president of Chinese Renewable Energy Industries Association, the vice chairman of China Fortune Foundation Limited, the vice chairman of the Cogeneration Professional Committee of the Chinese Society for Electrical Engineering (中國電機工程學會熱電專業委員會), the vice president of Jiangsu Federation of Industry and Commerce, the honorary chairman of Jiangsu Residents Association in Hong Kong, the honorary chairman of the 4th board of directors of Nanjing University, and the honorary president of Hong Kong Baptist University Foundation.

Mr. Zhu Gongshan has been awarded the “China’s Top Ten Economic Person of the Year 2015” in 2016, the“New Global Energy Outstanding Contributor” award in 2015, and the “Green China — Outstanding Leader of Environmental Protection” award in 2014 and was praised as one of the “Top Ten Chinese to Change the Future” by the Sunday Times of the United Kingdom in 2009. Mr. Zhu Gongshan graduated from Nanjing Electric Power College (南京電力專科學校) in July 1981 and obtained a diploma in electrical automation. Mr. Zhu Gongshan is also the director of GCL System Integration Technology Co., Ltd., a company with its shares listed on the Shenzhen Stock Exchange (Stock Code: 002506).

Mr. ZHU Zhanjun

Executive Director & Chief Executive Officer

ZHU Zhanjun (CEO) has been an Executive Director and Executive President of the Company since January 2015. He has been appointed as the Chief Executive Officer (“CEO”) of the Company since April 2016. Mr. Zhu is a member of the Strategy and Investment Committee of the Company and also a director of several subsidiaries of the Company. He has vast experience in the polysilicon and wafer business. He joined the Company in 2004 as a plant manager of one of our power plants and became a general manager in 2006. He was transferred to Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd.* (江蘇中能硅業發展有限公司) (“Jiangsu Zhongneng”), a subsidiary of the Company which manufactures polysilicon, as Deputy Director-Infrastructure in 2008. Mr. Zhu was promoted as the General Manager of Jiangsu GCL Silicon Material Technology Development Co., Ltd. (江蘇協鑫硅材料科技發展有限公司) (“Jiangsu GCL”), a subsidiary of the Company in 2009 and was appointed as a vice president of the Company in 2013, overseeing the Company’s ingot business and Jiangsu GCL’s wafer business. Mr. Zhu is an engineer and obtained a Master’s degree in Business Administration from China Europe International Business School (中歐國際工商學院) in 2013. Mr. Zhu is currently responsible for the overall operation and management of the Group.

Mr. JI Jun

Executive Director

JI Jun has been an Executive Director of the Company since November 2006. He is also a member of the Strategy and Investment Committee of the Company. Mr. Ji focuses on strategic planning and business development of the Group. He has extensive experience in the power industry and has experience in handling corporate finance projects.

Mr. ZHU Yufeng

Executive Director

ZHU Yufeng has been an Executive Director of the Company since September 2009 and is a member of the Remuneration Committee of the Company. Mr. Zhu is also a director of several subsidiaries of the Company. He graduated from George Brown College (Business Administration Faculty) in 2005. Mr. Zhu and his family (including his father, Mr. Zhu Gongshan, who is also a Director of the Company) are the beneficiaries of a discretionary trust which owns about 34.26% issued share capital of the Company at 15 March 2018. Mr. Zhu joined a subsidiary of the Company in 2006. He is responsible for human resources, administration and project tender of the Company. Mr. Zhu is also the chairman and an executive director of GCL New Energy Holdings Limited (“GNE”), a subsidiary of the Company with its shares listed on the Hong Kong Stock Exchange Main Board (Stock Code:451).

Ms. SUN Wei

Executive Director

SUN Wei has been an Executive Director of the Company since September 2016. Prior to the appointment, Ms. Sun was an Executive Director of the Company for the periods from November 2006 to July 2007 and from October 2007 until January 2015. She has served the Company as the Honorary Chairman of Finance and Strategy Function since January 2015. She is also a director of several subsidiaries of the Company. Ms. Sun currently is responsible for the corporate finance, financial strategy and management of the Group. Ms. Sun is the non-executive director of GNE. She is also the vice chairman of Golden Concord Holdings Limited, a company controlled by Mr. Zhu Gongshan. Ms. Sun has over 20 years’ experience in corporate finance, financial strategy and management experience. Ms. Sun was awarded a Doctorate degree in Business Administration in 2005.

Mr. YEUNG Man Chung, Charles

CFO and Company Secretary

YEUNG Man Chung, Charles (CFO and Company Secretary) has been an Executive Director of the Company since September 2014. He is also a member of the Nomination Committee, Corporate Governance Committee and Strategy and Investment Committee of the Company. Mr. Yeung was appointed as the Chief Financial Officer (“CFO”) of the Company on 30 April 2014 and Company Secretary of the Company on 20 March 2017. He is also a director of several subsidiaries of the Company. Prior to joining the Company in April 2014, he served as partner of Deloitte Touche Tohmatsu and was a part-time member of the Central Policy Unit of the Government of Hong Kong Special Administrative Region. When he left Deloitte Touche Tohmatsu in March 2014, he was the Head of Corporate Finance Advisory Services, Southern China. Mr. Yeung has a Bachelor of Business degree with a major in accounting and he is also a member of The Hong Kong Institute of Certified Public Accountants and The Australian Society of Certified Practising Accountants. Mr. Yeung has over 25 years of experience in accounting, auditing and financial management. Mr. Yeung is responsible for the financial control and reporting, corporate finance, tax and risk management of the Company and its subsidiaries. Mr. Yeung is a non-executive director of GNE and also is the vice president of Golden Concord Group Limited, a company controlled by the Zhu Family Trust, since November 2017. Mr. Yeung is an independent non-executive director of Tree Holdings Limited, a company with its shares listed on the Hong Kong Stock Exchange GEM Board (Stock code: 8395). He is also a director of Millennial Lithium Corp., a company with its shares listed on the TSX Venture Exchange in Canada.

Mr. JIANG Wenwu

Executive Director

JIANG Wenwu has been an Executive Director of the Company since April 2016. He was the deputy general manager of Jiangsu Zhongneng in 2007 and was promoted as the general manager in 2010. In 2015, Mr. Jiang was further promoted as senior vice president (solar business) of the Company. In 2017, Mr. Jiang was promoted as the chairman of Jiangsu Zhongneng. He is also a director of several subsidiaries of the Company.

Mr. Jiang is a senior engineer. He obtained an executive master’s degree in business administration in 2014 from Cheung Kong Graduate School of Business and a master’s degree in engineering in 2003 from Liaoning Shihua University (遼寧石油化工大學), the PRC. Mr. Jiang is responsible for the daily operation and management of Jiangsu Zhongneng, the principal business of which is production and sale of polysilicon.

Mr. ZHENG Xiongjiu

Executive Director

ZHENG Xiongjiu has been an Executive Director of the Company since April 2016. He was the general manager of the Company’s two wafer plants in 2010. Since 2013, Mr. Zheng has managed the wafer business of five wafer plants including the two original wafer plants. In 2015, Mr. Zheng was promoted as senior vice president (solar business) of the Company. Mr. Zheng is also a director of several subsidiaries of the Company. He graduated from Xian Jiaotong University in 1991, major in mechanical engineering. Mr. Zheng obtained a Master’s degree in Business Administration from China Europe International Business School (中歐國際工商學院) in 2016. Mr. Zheng is currently responsible for the daily operation and management of the five wafer plants of the Company, the principal business of which is production and sale of wafer.

Ir. Dr. Raymond HO Chung Tai

Independent Non-executive Director

HO Chung Tai, Raymond SBS, MBE, S.B.St.J., JP, aged 78, has been an Independent Non-Executive Director of the Company since September 2007. He is the chairman of the Remuneration Committee, the Strategy and Investment Committee and the Corporate Governance Committee of the Company, and also a member of the Audit Committee and the Nomination Committee of the Company.

Dr. Ho has 50 years of experience in the fields of civil, structural, environmental and geotechnical engineering and direct project management of mega size engineering projects including 40 years in Hong Kong and 10 years in the United Kingdom, with direct responsibility in the HK$3.0 billion project of Electrification and Modernisation of Kowloon-Canton Railway from the mid-70’s till early 80’s, all the government-funded infrastructure works for Shatin New Town and Tseung Kwan O New Town from early 80’s till the end of 1993, major projects of tunnels, bridges, flyovers, roads, dockyards, jetties, hospitals, hotels, incinerators, high-rise commercial and residential buildings, geotechnical work, environmental studies and projects. Dr. Ho holds a Doctorate degree in Civil Engineering from the City University of London, United Kingdom, an Honorary Doctorate of Business Administration from the City University of Hong Kong, an Honorary Doctorate of Laws from the University of Manchester, United Kingdom, a Postgraduate Diploma in Geotechnical Engineering from the University of Manchester, United Kingdom and a Bachelor’s degree in Civil Engineering from the University of Hong Kong. Dr. Ho is an independent non-executive director of Deson Development International Holdings Limited, China State Construction International Holdings Limited, Chinlink International Holdings Limited and AP Rentals Holdings Limited.

Mr. YIP Tai Him

Independent Non-executive Director

YIP Tai Him has been an Independent Non-Executive Director of the Company since March 2009. He is the chairman of the Audit Committee and the Nomination Committee and is also a member of the Remuneration Committee, the Strategy and Investment Committee and the Corporate Governance Committee of the Company. Mr. Yip is a practising accountant in Hong Kong. He is also a member of the Institute of Chartered Accountants in England and Wales and the Association of Chartered Certified Accountants in the United Kingdom. He has over 20 years of experience in accounting, auditing and financial management. Mr. Yip is currently an independent non-executive director of the following listed companies in Hong Kong, namely, Shentong Robot Education Group Company Limited, Redco Properties Group Limited, Bisu Technology Group International Limited, Sino Golf Holdings Limited and New Wisdom Holding Company Limited.

Mr. SHEN Wenzhong

Independent Non-executive Director

SHEN Wenzhong has been an Independent Non-Executive Director of the Company since July 2015. He is a member of the Audit Committee and the Strategy and Investment Committee of the Company. Dr. Shen has been a Professor and PhD Supervisor in the Department of Physics and Astronomy, Shanghai Jiao Tong University since 1999 as well as a Changjiang Chair Professor of Shanghai Jiao Tong University since 2000. He became the director of the Solar Power Research Institute of Shanghai Jiao Tong University since 2007. Dr. Shen has participated in various science and technology research programmes in the PRC, published scientific papers in international journals and books on photovoltaic subjects. He graduated from the Shanghai Institute of Technical Physics, Chinese Academy of Sciences with a doctorate degree in 1995. During the period from 1996–1999, he joined Georgia State University in the U.S. as a postdoctoral fellow. Dr. Shen is currently an executive council member of China Renewable Energy Society, the chairman of the Committee of Shanghai Solar Energy Society, an advisory committee member of the International Photovoltaic Science and Engineering Conference and the chief editor of an academic journal “Solar PV of China”. He is an independent non-executive director of Shanghai Aerospace Automobile Electromechanical Co., Ltd. (上海航天汽車機電股份有限公司), a company with its shares listed on The Shanghai Stock Exchange, and Jolywood (Suzhou) Sunwatt Co., Ltd. (蘇州中來光伏新材股份有限公司), a company with its shares listed on The Shenzhen Stock Exchange.

Mr. WONG Man Chung, Francis

Independent Non-Executive Director

WONG Man Chung, Francis has been an Independent Non-Executive Director of the Company since April 2016. He is also a member of the Strategy and Investment Committee of the Company. He is a Certified Public Accountant (Practising). Mr. Wong is a fellow member in respect of The Chartered Association of Certified Accountants, The Institute of Chartered Accountants in England and Wales, The Society of Chinese Accountants & Auditors and The Hong Kong Institute of Certified Public Accountants and a certified tax adviser of the Taxation Institute of Hong Kong. Previously, Mr. Wong has worked for KPMG, an international accounting firm for 6 years and the Compliance Department of Hong Kong Securities Clearing Company Limited for about 2 years. He has over 27 years of experience in auditing, taxation, corporate internal control & governance, acquisition & financial advisory, corporate restructuring & liquidation, family trust & wealth management. Mr. Wong is currently an independent non-executive director of China Oriental Group Company Limited, Digital China Holdings Limited, Wai Kee Holdings Limited, Integrated Waste Solutions Group Holdings Limited, Greenheart Group Limited, Kunming Dianchi Water Treatment Co., Ltd., China New Higher Education Group Limited and Hilong Holding Limited, the shares of all these companies are listed on the Main Board of the Stock Exchange of Hong Kong Limited. Mr. Wong holds a master’s degree in management from Guangzhou Jinan University (廣州暨南大學), the PRC.

Mr. ZHU Gongshan

Executive Director & Chairman

ZHU Gongshan (Chairman) is the founder of the Company. He has been an Executive Director and the Chairman of the Company since July 2006. Mr. Zhu is a member of the Strategy and Investment Committee of the Company. Mr. Zhu and his family (including his son, Mr. Zhu Yufeng, who is also a Director of the Company) are the beneficiaries of a discretionary trust which was interested in about 34.26% issued share capital of the Company at 15 March 2018, the date of this report.

Mr. Zhu Gongshan is currently the chairman of Global Solar Council, the chairman of Asian Photovoltaic Industry Association, the honorary chairman of Africa Food Fund (非洲糧食基金), a member of the 12th Jiangsu Province Committee of the Chinese People’s Political Consultative Conference, the vice director (China) of The Prince’s Charities Foundation, a member of American Council on Renewable Energy, the executive chairman of ICC China Environment and Energy Committee, the vice chairman of China Overseas Chinese Entrepreneurs Association, the vice chairman of China Industrial Overseas Development & Planning Association, the chairman of China New Energy International Alliance, the vice president of Chinese Renewable Energy Industries Association, the vice chairman of China Fortune Foundation Limited, the vice chairman of the Cogeneration Professional Committee of the Chinese Society for Electrical Engineering (中國電機工程學會熱電專業委員會), the vice president of Jiangsu Federation of Industry and Commerce, the honorary chairman of Jiangsu Residents Association in Hong Kong, the honorary chairman of the 4th board of directors of Nanjing University, and the honorary president of Hong Kong Baptist University Foundation.

Mr. Zhu Gongshan has been awarded the “China’s Top Ten Economic Person of the Year 2015” in 2016, the“New Global Energy Outstanding Contributor” award in 2015, and the “Green China — Outstanding Leader of Environmental Protection” award in 2014 and was praised as one of the “Top Ten Chinese to Change the Future” by the Sunday Times of the United Kingdom in 2009. Mr. Zhu Gongshan graduated from Nanjing Electric Power College (南京電力專科學校) in July 1981 and obtained a diploma in electrical automation. Mr. Zhu Gongshan is also the director of GCL System Integration Technology Co., Ltd., a company with its shares listed on the Shenzhen Stock Exchange (Stock Code: 002506).

Mr. ZHU Yufeng

Executive Director

ZHU Yufeng has been an Executive Director of the Company since September 2009 and is a member of the Remuneration Committee of the Company. Mr. Zhu is also a director of several subsidiaries of the Company. He graduated from George Brown College (Business Administration Faculty) in 2005. Mr. Zhu and his family (including his father, Mr. Zhu Gongshan, who is also a Director of the Company) are the beneficiaries of a discretionary trust which owns about 34.26% issued share capital of the Company at 15 March 2018. Mr. Zhu joined a subsidiary of the Company in 2006. He is responsible for human resources, administration and project tender of the Company. Mr. Zhu is also the chairman and an executive director of GCL New Energy Holdings Limited (“GNE”), a subsidiary of the Company with its shares listed on the Hong Kong Stock Exchange Main Board (Stock Code:451).

Mr. ZHU Zhanjun

Executive Director & Chief Executive Officer

ZHU Zhanjun (CEO) has been an Executive Director and Executive President of the Company since January 2015. He has been appointed as the Chief Executive Officer of the Company since April 2016. Mr. Zhu is also a member of the Strategy and Investment Committee of the Company. He has vast experience in the polysilicon and wafer business.

He joined the Company in 2004 as a plant manager of one of our power plants and became a general manager in 2006.

He was transferred to Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd.* (江蘇中能硅業發展有限公司) (“Jiangsu Zhongneng”), a subsidiary of the Company which manufactures polysilicon, as Deputy Director- Infrastructure in 2008. Mr. Zhu was promoted as the General Manager of Jiangsu GCL Silicon Material Technology Development Co., Ltd. (江蘇協鑫硅材料科技發展有限公司) (“Jiangsu GCL”), a subsidiary of the Company in 2009 and was appointed as a vice president of the Company in 2013, overseeing the Company’s ingot business and Jiangsu GCL’s wafer business. Mr. Zhu is an engineer and obtained a Master’s degree in Business Administration from China Europe International Business School (中歐國際工商學院) in 2013. Mr. Zhu is currently responsible for the overall operation and management of the Group.

Mr. YEUNG Man Chung, Charles

Executive Director & Chief Financial Officer

YEUNG Man Chung, Charles (CFO and Company Secretary) has been an Executive Director of the Company since September 2014. He is also a member of the Nomination Committee, Corporate Governance Committee and Strategy and Investment Committee of the Company. Mr. Yeung was appointed as the Chief Financial Officer of the Company on 30 April 2014 and Company Secretary of the Company on 20 March 2017. Prior to joining the Company in April 2014, he served as partner of Deloitte Touche Tohmatsu and was a part-time member of the Central Policy Unit of the Government of Hong Kong Special Administrative Region. When he left Deloitte Touche Tohmatsu in March 2014, he was the Head of Corporate Finance Advisory Services, Southern China. Mr. Yeung has a Bachelor of Business degree with a major in accounting and he is also a member of The Hong Kong Institute of Certified Public Accountants and The Australian Society of Certified Practising Accountants. Mr. Yeung has over 25 years of experience in accounting, auditing and financial management. Mr. Yeung is responsible for the financial control and reporting, corporate finance, tax and risk management of the Company and its subsidiaries. Mr. Yeung is also a non-Executive Director of GNE.

FBR method, under high temperature and high pressure, silicon tetrachloride, hydrogen, hydrogen chloride, and industrial silicon are introduced in a fluidized bed reactor as the raw materials to produce trichlorosilane (TCS)